This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.

For the past three quarters we have simultaneously increased yield, load factors in the face of increased capacity.

The changes to the executive structure reinforces the commitment that WestJet has to its guests, ... Russ' proven leadership and business judgment as an executive will help further strengthen our WestJet Executive team.

Foreign ownership has declined somewhat in recent months with the run-up in the price of fuel, as the sector's been a little bit out of favor, but it's still worth our while to do it (reclassify the shares) in preparation for when that reverses,

Both Arthur Scace and Hugh Bolton's unique and varied experiences are welcome additions to WestJet's Board of Directors. We are fortunate that Mr. Scace and Mr. Bolton have accepted these positions, and we look forward to the contributions they will make.

We'll be profitable in the third quarter. There's no question about that.